Energy prices will rise by 2% from October, Ofgem, the energy regulator, has announced today.
After the July energy price cap saw prices fall by 7%, this most recent announcement means the average household can expect to see an increase of £35 on their yearly energy bill when the cap comes into use at the start of October.
The news means that a household using a typical amount of energy will now pay £1,755 a year. This is everything you need to know.
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The price cap, which is the tariff you default to if you’re not on a fixed tariff , sets the maximum rate per unit and standing charge that can be billed to customers for their energy…
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